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Post by Deleted on Apr 7, 2019 7:56:49 GMT
Insurance is another one yes. I only have two policies. 3rd party for car and 3rd party for boats. Although I am anti insurance in general it does make sense to have 3rd party cover on cars and boats due to potential for killing or injuring other people. I wonder whether people would drive more carefully if there was no insurance and knew they would get directly sued or fined if they killed or injured someone? I suppose the good thing about insurance companies is that they have the resources to check for false claims. You also get a pay out even if the person who caused the accident hasn’t the money Yes, 3rd party insurance does seem to make sense. |
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Post by Deleted on Apr 7, 2019 8:08:36 GMT
Seems Lloyd’s weren’t the only naughty ones in 2015. Interesting web site which shows all the FCA fines for each year. www.fca.org.uk/news/news-stories/2015-finesAs for what happens to the fines, it seems it goes to the treasury but it’s difficult to establish how it’s distributed other than ‘some’ of it going to ‘blue light’ causes and the military (charity). |
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Post by Deleted on Apr 7, 2019 8:11:54 GMT
Insurance can be a real pain and expensive.
But to come to your boat and find it broken into and treasured possessions gone is a bigger pain in my eyes.
Rog
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Post by Deleted on Apr 7, 2019 8:31:53 GMT
I have no valuables worth nicking. If someone did get in they would probably assume boat had already been ransacked  |
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Post by Deleted on Apr 7, 2019 8:46:09 GMT
Sounds like your view on insurance is right for you then, but still not a scam as you said.
Also consider the replacement cost of the window the burglar smashed was over £200 without fitting charges.
To lose your stuff, however inexpensive, still means it has to be replaced.
But I wasn't trying to persuade anyone to buy insurance, merely explaining why I feel that it isn't a scam.
Rog
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Post by Deleted on Apr 7, 2019 8:55:12 GMT
Explaining is a scam.
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Post by JohnV on Apr 7, 2019 9:31:09 GMT
Lord, Andrew you are an obdurate so and so  |
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Post by Clinton Cool on Apr 7, 2019 9:49:43 GMT
Insurance is another one yes. I only have two policies. 3rd party for car and 3rd party for boats. Although I am anti insurance in general it does make sense to have 3rd party cover on cars and boats due to potential for killing or injuring other people. I wonder whether people would drive more carefully if there was no insurance and knew they would get directly sued or fined if they killed or injured someone? I suppose the good thing about insurance companies is that they have the resources to check for false claims. You also get a pay out even if the person who caused the accident hasn’t the money Yes, 3rd party insurance does seem to make sense. 'Compensation culture' sustains the insurance industry. More than that actually, it allows it to proliferate, along with the legal people. I refuse to call them professionals. Tony Blair oversaw the introduction of compensation culture. His wife worked in the legal industry, naturally. |
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Post by naughtyfox on Apr 7, 2019 11:37:13 GMT
Why would Lloyd's be 'posh' when they are clearly common criminals?: Lloyds Bank to be fined over new mis-selling scandal - Business Insider Lloyds Banking Group fined £117m for failing to handle PPI ... - FCA Lloyds bank fined record £28m for 'serious failings' - BBC News Lloyds TSB agrees to pay fine of $350m for sanctions help - Telegraph Lloyds Bank takes another £1bn hit from PPI scandal - The Telegraph Lloyds Pays $370 Million to Settle Rate Probe - WSJ Has anyone else wondered what happens to this money when banks (or any corporation) are fined? They probably just avoid the fine by slipping backhanders to some people. |
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Post by patty on Apr 7, 2019 12:16:18 GMT
Insurance is another one yes. I only have two policies. 3rd party for car and 3rd party for boats. Although I am anti insurance in general it does make sense to have 3rd party cover on cars and boats due to potential for killing or injuring other people. I wonder whether people would drive more carefully if there was no insurance and knew they would get directly sued or fined if they killed or injured someone? I suppose the good thing about insurance companies is that they have the resources to check for false claims. You also get a pay out even if the person who caused the accident hasn’t the money Yes, 3rd party insurance does seem to make sense. When I went to Canada I noticed that whenever I wandered close to the kerb cars braked and seemed very considerate of pedestrians....I ask a local the reason and they said that if the cars hit someone they had to pay out to the injured person. Now I dunno how true but I have never visited any country where Ive seen this happening before. |
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Post by thebfg on Apr 7, 2019 16:27:10 GMT
We do have the posh Lloyd's account Why would Lloyd's be 'posh' when they are clearly common criminals?: Lloyds Bank to be fined over new mis-selling scandal - Business Insider Lloyds Banking Group fined £117m for failing to handle PPI ... - FCA Lloyds bank fined record £28m for 'serious failings' - BBC News Lloyds TSB agrees to pay fine of $350m for sanctions help - Telegraph Lloyds Bank takes another £1bn hit from PPI scandal - The Telegraph Lloyds Pays $370 Million to Settle Rate Probe - WSJ Just the top account, the one with all the trimmings |
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Post by quaysider on Apr 7, 2019 16:58:08 GMT
Cheers for the replies, you've clarified it. I wonder who takes the backhander, sorry, commission, on these millions of what are effectively new private pensions? From what I can remember (from when I was setting up IT systems for IFAS, the "comission" element HAS to be opaque so the punters know how much is being "given" to the advisor for reccomending the products - that was the new ruling... prior to that, it could be hidden. btw - we've arrived in Marple today - Did you say you were in Poyton? - looked out for you as we chugged thtough today but realised had NO idea what your boat was called or what it was lol |
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Post by thebfg on Apr 7, 2019 17:19:44 GMT
If I remember correctly the government decided not enough young people were getting pensions. So they forced them to join one. I dont mind my employer puts a good whack in mine. |
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Post by ianali on Apr 8, 2019 5:47:51 GMT
If I remember correctly the government decided not enough young people were getting pensions. So they forced them to join one. I dont mind my employer puts a good whack in mine. I think employees have the option to opt out of contributing, they then lose any employers contributions though. |
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